On Measures for Further Development of Housing Construction and the Housing Market

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16.02.2005

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OKOB:
1.
08.00.00.00 Housing Legislation. Utilities / 08.01.00.00 Housing Fund / 08.01.01.00 General Issues;
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09.00.00.00 Entrepreneurship and Economic Activity / 09.12.00.00 Construction / 09.12.10.00 Housing Construction]
[
TSZ:
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Socio-cultural Issues / Housing Legislation. Utility Services]

Decree of the President of the Republic of Uzbekistan

ON MEASURES FOR FURTHER DEVELOPMENT OF HOUSING CONSTRUCTION AND THE HOUSING MARKET

In order to fully meet the population's demand for comfortable housing, accelerate the development of housing construction, especially in small cities and rural areas, and widely introduce a system of providing preferential long-term mortgage credits for housing construction:
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03.00.00.00 Civil Law / 03.03.00.00 Legal Entities / 03.03.05.00 Economic Companies and Societies / 03.03.05.05 Joint Stock Companies;
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07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.19.00.00 Banking System / 07.19.02.00 Commercial Banks. Private Banks. Foreign Banks]

1. Consent is given to the proposal of the shareholders of "Uyjoyjamg'armabank" and "Zamin" bank regarding the merger of these banks and the establishment of "Ipoteka-bank" joint stock commercial mortgage bank based on them.
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   07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.22.00.00 Lending / 07.22.06.00 Specific Types of Lending / 07.22.06.03 Lending for Housing Construction. Mortgage;
   2.
   07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.28.00.00 Investments and Attraction of Funds from Abroad (also see 07.05.04.00, 09.12.03.00, 10.01.05.00) / 07.28.05.00 Attraction of Funds from Abroad;
   3.
   09.00.00.00 Entrepreneurship and Economic Activity / 09.10.00.00 Industry / 09.10.20.00 Construction Materials Industry]

The following are established as the main tasks of the bank:

introducing a system of providing preferential long-term mortgage credits for individual housing construction;

assisting individual house builders and economic entities constructing residential premises for the population in obtaining loans;

attracting foreign investments, including loans, as well as investments and grants from international and local financial institutions to develop mortgage lending for housing construction;

developing branches and offices of the bank's specialized services to ensure wide use by the population in regions of the republic;

providing loans to enterprises producing modern, economical, and high-demand construction materials.
See previous edition.
(Para 2 lost its force based on the Decree of the President of the Republic of Uzbekistan dated May 19, 2011 No. PQ-1531 — Laws of the Republic of Uzbekistan, 2011, No. 22-23, Art. 225) See previous edition. (Para 3 lost its force based on the Decree of the President of the Republic of Uzbekistan dated May 19, 2011 No. PQ-1531 — Laws of the Republic of Uzbekistan, 2011, No. 22-23, Art. 225) See previous edition.

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02.00.00.00 Basics of State Management / 02.03.00.00 Republican State Management Bodies and Economic Management Bodies / 02.03.02.00 Ministries;
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07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.22.00.00 Lending / 07.22.06.00 Specific Types of Lending / 07.22.06.03 Lending for Housing Construction. Mortgage;
3.
07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.28.00.00 Investments and Attraction of Funds from Abroad (also see 07.05.04.00, 09.12.03.00, 10.01.05.00) / 07.28.05.00 Attraction of Funds from Abroad]

4. The Ministry of Economic Development and Poverty Reduction of the Republic of Uzbekistan, together with the Ministry of Finance, the Ministry of Investments and Foreign Trade, "Ipoteka-bank," and commercial banks, shall take measures to attract preferential long-term credits, grants, and investments from international and foreign national financial institutions to develop mortgage lending for housing construction.
(Para 4 edited in the Decree of the President of the Republic of Uzbekistan dated September 27, 2020 No. PF-6075 — National Database of Legislative Acts of the Republic of Uzbekistan, 28.09.2020, No. 06/20/6075/1330) See previous edition. (Para 5 lost its force based on the Decree of the President of the Republic of Uzbekistan dated May 19, 2011 No. PQ-1531 — Laws of the Republic of Uzbekistan, 2011, No. 22-23, Art. 225) [ OKOB:
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01.00.00.00 Constitutional Order / 01.14.00.00 Legal Creativity Activity of State Bodies / 01.14.03.00 Procedure for Preparation and Review of Draft Normative-Legal Acts;
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02.00.00.00 Basics of State Management / 02.03.00.00 Republican State Management Bodies and Economic Management Bodies / 02.03.01.00 General Issues]

6. The Ministry of Economy of the Republic of Uzbekistan, the Central Bank, the Ministry of Finance, the Committee for Architectural and Construction Affairs "Davarxitektqurilish", the State Tax Committee, the Ministry of Justice, and commercial banks, together, shall develop and submit to the Cabinet of Ministers within 3 months:

the Draft Law of the Republic of Uzbekistan "On Mortgages and Mortgage Lending for Housing Construction";

the Regulation on Mortgage Lending for Housing Construction, Reconstruction, and Purchase of Residential Premises.

See: The Regulation on the Procedure for Paying Subsidies to Citizens for the Purchase of Housing or Construction and Reconstruction of Individual Houses, approved by Resolution No. 182 of the Cabinet of Ministers of the Republic of Uzbekistan dated March 25, 2020.

At the same time, these documents shall provide for a thorough and transparent mechanism for the allocation of mortgage credits, resolution of disputes in case of non-payment of credits, transfer of ownership rights and eviction from the apartment, guaranteed compensation for creditors' losses, and other issues. [ OKOB:
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07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.10.01.00 (Lost Force) Profit Tax Levied from Legal Entities / 07.10.01.05 (Lost Force) Preferences for Profit Tax Levied from Legal Entities / 07.90.00.00 (Lost Force) General State Taxes]

7. It is established that the income received by commercial banks from the sale of property pledged as mortgage and from granted mortgage loans up to January 1, 2010, is exempted from income (profit) tax.

8. The measures developed by the Ministry of Economy of the Republic of Uzbekistan, the Ministry of Finance, and the State Property Committee for the development of housing construction and the housing market for the period up to 2010 are approved according to the Appendix.
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   01.00.00.00 Constitutional Order / 01.12.00.00 Legislation and Executive Bodies of the Karakalpakstan Republic / 01.12.05.00 Council of Ministers of the Karakalpakstan Republic;
   2.
   01.00.00.00 Constitutional Order / 01.15.00.00 Local State Authority Bodies / 01.15.03.00 Local Executive Bodies (Hokimiyats) (also see 02.04.00.00)]

The Council of Ministers of the Karakalpakstan Republic, Hokimiyats of regions and Tashkent city shall develop and approve organizational and technical measures for the development of housing construction in regions for the period up to 2010 within two months, which shall include:

allocation of land plots and comprehensive construction of arrays for individual housing construction;

provision of necessary engineering communications for new arrays of individual housing construction at the expense of local budget funds;

satisfying the demand of individual house builders for local construction materials and structures;

reconstruction of previously built multi-apartment houses of mass series, having identified the housing fund to be reconstructed or demolished.
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18.00.00.00 Prosecutor's Office. Bar. Notariat. Legal Services. Justice Bodies. Internal Affairs Bodies / 18.05.00.00 Justice Bodies / 18.05.03.00 Other Issues Related to the Activity of Justice Bodies]

9. The Ministry of Justice of the Republic of Uzbekistan, together with interested ministries and departments, shall submit proposals to the Cabinet of Ministers within two months regarding amendments and additions to legislative acts arising from this decree.

10. Control over the execution of this decree is entrusted to the First Deputy Prime Minister of the Republic of Uzbekistan R.S. Azimov.

President of the Republic of Uzbekistan I. KARIMOV

Tashkent city,

February 16, 2005,

No. PQ-10

Appendix
to the Decree of the President of the Republic of Uzbekistan of February 16, 2005 No. PQ-10

Measures for the Development of Housing Construction and the Housing Market for the Period up to 2010

No.

Name of Measures

Execution Deadlines

Document Type

Responsible Executors

I. Normative-Legal Support

1.1.

Preparation of the Draft Law of the Republic of Uzbekistan "On Mortgages and Mortgage Lending for Housing Construction"

within 3 months

Draft Law

Ministry of Economy, Central Bank, Ministry of Finance, State Tax Committee, Committee for Architectural and Construction Affairs "Davarxitektqurilish", Ministry of Justice, commercial banks

1.2.

Preparation of the Regulation on Mortgage Lending for Housing Construction, Reconstruction, and Purchase of Residential Premises

within 3 months

Draft Regulation

Ministry of Economy, Central Bank, Ministry of Finance, State Tax Committee, Committee for Architectural and Construction Affairs "Davarxitektqurilish", Ministry of Justice, commercial banks

1.3.

Development of the Temporary Regulation on Individual Housing Construction

March 2005

Draft Temporary Regulation

Committee for Architectural and Construction Affairs "Davarxitektqurilish", Ministry of Finance, Ministry of Economy, Ministry of Justice

1.4.

Preparation of the Draft Regulation on the Formation and Use of Funds of the Fund for Supporting Mortgage Lending

March 2005

Draft Regulation

Ministry of Economy, Ministry of Finance

1.5.

Preparation of proposals for introducing changes to the Tax Code and Land Code arising from this decree

April 2005

Draft Laws

Ministry of Finance, State Tax Committee, Ministry of Economy, Central Bank, State Committee "Yergeodezkadestr", Committee for Architectural and Construction Affairs "Davarxitektqurilish", Ministry of Justice

1.6.

Development of draft normative-legal documents for introducing a system of providing long-term mortgage credits for housing construction

Q3 2005

Draft Normative Documents

Central Bank, commercial banks, Ministry of Finance, Ministry of Economy, Committee for Architectural and Construction Affairs "Davarxitektqurilish"

1.7.

Introducing changes into current urban planning norms and rules, and other normative documents regulating construction and reconstruction of housing

Q3 2005

Normative Documents

Committee for Architectural and Construction Affairs "Davarxitektqurilish", State Committee "Yergeodezkadestr"

1.8.

Preparation of proposals for creating a system of legal support for complex measures being carried out to improve housing conditions at state and regional levels

March 2005

Proposals

Ministry of Justice, Ministry of Economy, Committee for Architectural and Construction Affairs "Davarxitektqurilish"

II. Organizational and Practical Measures

2.1.

Development of organizational and technical measures for improving the population's housing conditions for the period up to 2010

April 2005

Measures

Council of Ministers of the Karakalpakstan Republic, Hokimiyats of regions and Tashkent city

2.2.

Registration of the existing queue for improving the population's housing conditions, distinguishing between applicants wishing to obtain land plots for individual housing construction and those wishing to obtain apartments in the municipal housing fund and targeted utility housing fund

within 3 months

List of Queued Persons

Council of Ministers of the Karakalpakstan Republic, Hokimiyats of regions and Tashkent city

2.3.

Registration of vacant dormitories and unfinished construction objects and submission of proposals for their re-specialization for use as housing based on this registration

within 3 months

Proposals

Council of Ministers of the Karakalpakstan Republic, Hokimiyats of regions and Tashkent city, State Statistics Committee, Ministry of Economy, State Property Committee, Committee for Architectural and Construction Affairs "Davarxitektqurilish"

2.4.

Development of complex measures for forming consulting and information infrastructure in the field of housing construction and ensuring their effective operation

Regularly

Ministry of Economy, Committee for Architectural and Construction Affairs "Davarxitektqurilish", State Property Committee

2.5.

Improving the mechanism for allocating land plots for individual housing construction and developing proposals for regulating land relations

March 2005

Draft Normative Documents

State Committee "Yergeodezkadestr", Committee for Architectural and Construction Affairs "Davarxitektqurilish", Hokimiyats of regions

2.6.

Registration of lands allocated for individual housing construction, taking practical measures for their full construction, and allocation of lands according to the housing construction program

July 2005

Measures

Council of Ministers of the Karakalpakstan Republic, Hokimiyats of regions and Tashkent city, State Committee "Yergeodezkadestr", State Property Committee, Committee for Architectural and Construction Affairs "Davarxitektqurilish"

2.7.

Regulating the system for valuation and re-evaluation of houses (apartments) and developing proposals for improving normative documents in this area

March 2005

Draft Resolution of the Cabinet of Ministers

State Property Committee, State Committee "Yergeodezkadestr", State Tax Committee, Ministry of Economy, Ministry of Finance, Committee for Architectural and Construction Affairs "Davarxitektqurilish", Ministry of Justice

2.8.

Development and approval of repeat projects for individual houses for rural areas

within 3 months

Model Projects

Committee for Architectural and Construction Affairs "Davarxitektqurilish",

2.9.

Developing proposals for improving the activity of the real estate market

March 2005

Proposals

State Property Committee, State Committee "Yergeodezkadestr", State Tax Committee, Ministry of Economy, Ministry of Finance, Ministry of Justice

(Collective of Legislative Acts of the Republic of Uzbekistan, 2005, No. 7, Art. 54, No. 17-18, Art. 131, No. 37-38, Art. 284; 2011, No. 22-23, Art. 225; 28.09.2020, No. 06/20/6075/1330)